Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

3 Responses to “Economic output in Europe has yet to return to its peak level”

That graph is way off. Assuming they are looking at real GDP the US is only about 2% above the Jan 2008 level based on FRED data. If the graph is of nominal GDP then the US number is accurate, but that is does not reflect the true level of economic expansion since the bottom. Are all the countries reported as nominal?

Europe knocked itself silly by austerity. If not austerity in their own country then by demanding austerity in their main trading partner countries. With spending being 70% of GDP you cannot grow your GDP by reducing spending. This is fifth grade math and huge numbers of supposedly trained “economist” can’t get it right.

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

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